Louisville Gas & Electric Company (LG&E), founded in 1912 and headquartered in Louisville, Kentucky, serves as a utility provider focused on delivering electricity and natural gas to its customers. The company plays a critical role in the energy sector, providing essential services to residential, commercial, and industrial clients throughout its service area.
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Company overview and issue history are AI generated, and should not be cited or relied on without verification.
LG&E has a history of issuing bonds dating back to its early days, with a significant issuance occurring in 1997 to finance infrastructure improvements, which raised over $200 million. The company has continued to be active in the bond market, with recent issues reflecting current yields competitive within the industry averaging around 4.5%. Notable features of LG&E's bonds include callable options and green bonds aimed at supporting renewable energy projects, marking their commitment to sustainable practices. In 2022, LG&E announced plans for a large bond offering to fund additional upgrades to their grid, illustrating their proactive approach to modernizing energy delivery in response to customer needs.